Bluecore Residential

Role Description Bluecore is adding an Asset Management Analyst to sit in the intersection of Operations and the Investment team. This role offers direct exposure to all aspects of the investment lifecycle, working closely with senior leadership. Our Asset Management Analyst will support budgeting, underwriting analysis, and operational performance monitoring across our multifamily portfolio. This role is responsible for ensuring that asset-level operating performance is measured against underwriting assumptions and annual budgets — and for explaining why it diverges when it does. This is a high-visibility seat with direct exposure to portfolio leadership and a strong pathway into asset management or acquisitions. Key Responsibilities - Asset Management - Prepare monthly and quarterly variance-to-budget analyses, decomposing variances into operational drivers (occupancy, lease trade-outs, renewals, controllable expenses), market conditions (rent trends, concessions, supply), and comparable property performance. - Maintain and enhance market comp sets; track submarket rent, occupancy, and concession data to contextualize asset performance. - Partner with Property Management to identify performance gaps, validate budget assumptions, and track corrective action plans. - Build and maintain Excel models and reporting tools for budget-vs-actual tracking, trend analysis, and portfolio rollups. - Extract and analyze property management system data (Yardi or similar) to support recurring reporting and ad hoc analysis. - Acquisitions & Underwriting - Build and maintain detailed financial models for multifamily acquisitions and development projects. - Analyze rent rolls, T-12s, budgets, and market data to reforecast portfolio performance. - Support investment reporting materials, including memos, return analysis, and scenario modeling. - Assist in due diligence processes, including review of third-party reports and financial data. - Budgeting - Support the annual budgeting process: build, model, and stress-test property-level operating budgets in partnership with Asset Management and Property Management. - Portfolio Monitoring & Investor Reporting - Prepare monthly and quarterly portfolio reporting materials for internal and investor use. - Perform variance analysis against underwriting and reforecast projections. - Support cash flow forecasting and performance tracking across investments. - Investment Memos & Special Situations - Assist in evaluating underperforming or complex investments, including restructurings and workout scenarios. - Prepare analytical memos with clear recommendations for senior leadership. - Conduct ad hoc analyses on strategic initiatives, capital events, and portfolio decisions. - AI & Process Optimization - Leverage AI tools (e.g., Claude, ChatGPT, Excel integrations) to streamline underwriting, reporting, and workflows. - Help develop and refine internal processes to improve efficiency and scalability. - Identify opportunities to automate recurring analyses and enhance data quality. Qualifications - Bachelor's Degree in Finance, Economics, Accounting, Business or related field. - 1-4 years of experience in multifamily or commercial real estate — asset management, property accounting, acquisitions, FP&A, or valuation/appraisal backgrounds all considered. - Strong financial modeling skills in Excel (ability to build and audit models). - Familiarity with multifamily operating statements and key metrics (NOI, economic occupancy, trade-outs, expense ratios). - Proficient in PowerPoint and have experience preparing investment materials. - Strong analytical skills with experience working with large datasets (rent rolls, T-12s, budgets). Preferred Requirements - At least one year of experience with multifamily underwriting and development projects. - Experience with construction budgets, draw processes, and cost tracking. - Exposure to AI tools or interest in applying technology to investment workflows. - Experience with Yardi, RealPage, Entrata, or comparable property management systems. Benefits - Competitive Salary - The salary for this position will be determined based on the candidate's total relevant experience. - Performance Bonuses - Our corporate team participates in performance-based bonuses. - Paid Time Off - Unlimited DTO starting upon hire. - Mentorship - Work with an experienced team of multifamily investment professionals. - Holiday Pay - 10 full paid holidays. - Paid Volunteer Hours - 8 hours of paid volunteer time you can use throughout the year. - Housing Discounts - 25% off rent available for all employees off any unit. - Comprehensive Insurance Benefits - Medical PPO, HDHP, FSA, HSA with employer match, Dental, Vision, STD, & LTD. - Retirement Plan - 401K with a 25% company match up to 6%. - Travel & Personal Discounts - Company rate National/Enterprise rental cars for leisure travel, plus additional discounts with Verizon (18% discount) and Expedia (10% discount). - Certification Reimbursement - Full reimbursement for approved industry related certifications, including CAM, CPO, EPA, and more! - Tech Forward & Transparent Culture - Innovative internal software to make your job easier! - Cultural Appeal - We run on transparency and healthy debate (No Fear of Conflict); you are encouraged to appeal and share what is not working well. Your voice truly matters!